rrecognizes formallally (authorizes) the existence or establishes the project
*** It Gives the Project manager authority to spend money and commit corporate resourses to the project
provides the objectives higth-level requirements and success criteria for the project
identifies the constrains and high - level requirements, and sucess criteria for the project
identifies the constrains and high -level risks for the project
The process of creating the chárter uncovers assumptions about the Project which the Project manager can later address in the detail requirements, gathering, scope definition and risk management efforts
links the Project to the ongoing work of the organization
Any change to the Project charter should call into question whether the Project should continue
Creating the Project chárter involves planning the Project at a high level to assess whether it is feasible within the given constraints